Stock below Rs 20: Don't miss action in this stock that has announced rights issue worth Rs 48,92,04,000!

The stock has a PE multiple of 8.98, while the sectoral PE multiple is 32.8, the ROE is 44.60 per cent and the ROCE is 45.74 per cent.

Today, shares of Family Care Hospitals Ltd soared 2.55 per cent to Rs 14.90 apiece from its previous closing of Rs 14.53 apiece. Recently, the company announced a right issue for the shareholders in the ratio of 127:100. The price for the right issue is Rs 12 per share.

The company has set January 3, 2023 as the record date for the rights issue. The company will soon announce the open and close dates of the rights issue, which will have a total issue size of 40,767,000 fully paid-up equity shares at a price of Rs 12 each for a total of Rs 48,92,04,000.

Family Care Hospitals Ltd, also known as Scandent Imaging Ltd, provides health care services. The company is engaged in general surgery, gynaecology, orthopedics, cardiology, urology and cardiology services, as well as dental solutions.

Talking about the financials, the company has a market cap of Rs 46.64 crore and has reported positive quarterly and annual financial results. The stock has a PE multiple of 8.98, while the sectoral PE multiple is 32.8, the ROE is 44.60 per cent and the ROCE is 45.74 per cent. The stock has gained 11.21 percent in the last five trading sessions. Investors should keep an eye on this healthcare stock.